"The [MariaDB's] Foundation's reason for existing in times past was there was a lot of uncertainty about MariaDB's future. Today, with the backing of K1, there isn't that uncertainty anymore."
"It has been a turbulent two years for MariaDB, with its ill-fated public listing via a special purpose acquisition company (SPAC) in 2022 sending the company into a nosedive it never quite recovered from."
"Less than two years later, the Redwood City-based company was taken private by K1 Investment Management in a $37 million fire sale that was significantly below its opening day market cap of $368 million."
"MariaDB is already preparing for life as a private company once more - and this will involve getting cozier with the foundation that bears the same name."
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